Marketplace Morning Report

Marketplace Morning Report for Thursday, January 10, 2013

President Obama is expected to nominate Jack Lew to replace Timothy Geithner as Secretary of the Treasury today. Lew is currently the White House chief of staff and has a reputation as a tough negotiator. Supermarkets and pharmacies in Australia are reporting a shortage of baby formula -- it turns out Chinese customers are stockpiling the formula. And, how confident are you about our economic future? Your answer may have more to do with politics and economics.

From this Episode

The Consumer Financial Protection Bureau is rolling out new guidelines for U.S. mortgages. A new study finds that we waste half of the 4 billion tons of food produced annually for human consumption. And HUD cannot afford to fix its public housing, so the government wants to reclassify the properties as Section 8.

Vice President Joe Biden included Walmart in his invites to an industry meeting on gun safety. Why? Walmart is one of the biggest seller of guns in the U.S. Just like it's the biggest seller of men's underwear, dog food and many other things.

In a few hours President Obama is expected to nominate White House Chief of Staff Jacob Lew as the next Treasury Secretary. He brings a very different type of experience to the job than current secretary Timothy Geithner.

About the Show

News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents Marketplace Morning Report from BBC World Service to bring you up to speed as the global economy shifts. It's the world perspective you need, from two trusted sources.